Gold futures gain 0.10 pc on global cues

Gold prices edged up by 0.10 per cent to Rs 31,032 per 10 grams in futures trading today as speculators built up fresh positions tracking a firm trend overseas.

At the Multi Commodity Exchange, gold for delivery in June went up by Rs 30, or 0.10 per cent, to Rs 31,032 per ten grams in a business turnover of 169 lots.

Likewise, the yellow metal for delivery in August rose by Rs 26, or 0.08 per cent, to Rs 31,213 per ten grams in 5 lots.

Analysts said, fresh positions created by participants in tandem with a firm trend in the global markets where gold edged up after posting its biggest percentage fall in over two weeks in the previous session, amid tensions over Syria and a US-China trade stand-off, attributed to the rise.

Globally, gold rose 0.44 per cent to USD 1,340.20 an ounce in Singapore.